China January-February steel output rises from December on strong margins

17 Mars, 2019, 02:31 | Auteur: Auguste Feret

The output increased by 0.5 percent compared to previous year.

Crude throughput at China's oil refineries in the first two months of 2019 rose 6.1 percent from a year earlier to a record on a daily basis, data showed on Thursday, as new privately-owned refiners started up their processing facilities. China's exports to all of its major markets fell across the board last month.

But the cooling trend in sales suggests that such a rebound will be hard to maintain while the real estate market still faces relatively significant downward pressure, Southwest Securities' Yang added.

China's survey-based jobless rate rose to 5.3 percent in February, from 4.9 percent in December, though it was below the government's target of 5.5 percent this year.

During the January-February period, the producer price index, which measures factory-gate prices, edged up by 0.1 percent year-on-year.

The NBS data also showed that the country's natural gas output increased by 9.2 percent from a year earlier to 28.7 billion cubic meters in the first two months of 2019 because the growth accelerated after output expanded 7.5 percent for the whole of 2018.

"For popular cities in the first- and second-tier cities, there is some possibility of a market recovery in March", said Zhang Dawei, an analyst with Hong Kong-based Centaline, a property consultancy.

China's economic growth in Jan-Feb within a reasonable range.

Benchmark rebar prices on the Shanghai Futures Exchange have climbed 10 percent in the past two months and hit a peak of 3,908 yuan ($582.82) a tonne on February 11, the highest level since late August. But policymakers have vowed to flush out speculators and prevent big fluctuations in housing values as they try to ensure that first-home buyers aren't completely priced out of the market. Another cause of concern from today's data release was the unemployment rate, which grew by 5.3% in January and February from 4.9% in December and to the highest level in two years. Private investment accounts for about 60 percent of overall investment in China, and Beijing has spent considerable effort trying to ease financial strains on smaller, private firms. The upturn was likely supported by an acceleration in property construction as developers rush to meet pre-sale standard to put more projects into the sales market. Most analysts believe activity may not convincingly stabilise until the middle of the year.

Conseillé:

An assistant DA there referred a reporter to the office's public information officer, who was not immediately available. Video shows the suspect pulling a 9 mm handgun and opening fire on Cali about a minute after they started talking.

Communities in that state as well as Iowa and South Dakota remain under a flood warning for rain and snow melt Friday. Flood waters have receded at 18th and Iowa streets in Perry, but the NWS flood warning remains in effect.

Protesters pounded the windows of a police van and kicked the side of large trucks, as riot police were forced to retreat. He has loosened the state's purse strings to the tune of 10 billion euros ($11.2 billion) to try defuse the protests.

Mike was a semi-professional footballer and one of his old teams, Chelmsford City FC, has paid tribute to the sportsman. His thousands of followers have shared their thoughts and prayers with Mike's family.

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He has also promised an investigation into Guaido for "alleged involvement in the sabotage of the Venezuelan electricity system". Despite this, he said the US will continue to stand with self-proclaimed interim President Juan Guaido .

They're a tough crowd. " Isco just wants to play football, nothing else", Zidane admitted in his pre-match press conference. The Spanish giants face Celta Vigo on Saturday and the Real Madrid boss has sparked a discussion over his starting XI .

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